"Circuit-Breaker Levels for First Quarter 2008"

[DeepFried]

Just a reminder:

http://www.nyse.com/press/circuit_breakers.html

In the event of a 1350-POINT decline in the DJIA (10 percent):

Before 2 p.m.1 - HOUR HALT
2-2:30 p.m.30 - MIN. HALT
After 2:30 p.m. - NO HALT


In the event of a 2700-POINT decline in the DJIA (20 percent):

Before 1 p.m. - 2-HOUR HALT
1-2 p.m. - 1-HOUR HALT
After 2 p.m. - MARKET CLOSES


In the event of a 4000-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.

 

[The Kin2]

Y post? The DOW will never be down 1350. That's impossible.

 

[DeepFried]

"Never?"

From your mouth to God's ear.

 

[jficquette]

Quote from The Kin2:

Y post? The DOW will never be down 1350. That's impossible.

I guess they should have asked your opinion first. They must have planned all this shit for nothing.

John

 

[The Kin2]

If the market is down 1350, I'll buy you a drink.

(my money is virtually secured!)

 

[The Kin2]

Quote from jficquette:

I guess they should have asked your opinion first. They must have planned all this shit for nothing.

John

There will be too many buyers if the market collapsed that low, plus fed would step in and save the day. circuit-breakers starting at 1350 have no pratical use. Why not start at 500, which is more likley.

 

[LlewS]

The ESH8, (S&P emini contract) has a +-70 point circuit breaker during electronic trading hours, i.e. before 8:30 CT. It came within 1 point of that lower limit with a low of 1356.25 today. It may well run back down to that before the night is over. Anybody, know how to trade this situation?

Thnx,

LlewS

 

[The Kin2]

Quote from LlewS:

The ESH8, (S&P emini contract) has a +-70 point circuit breaker during electronic trading hours, i.e. before 8:30 CT. It came within 1 point of that lower limit with a low of 1356.25 today. It may well run back down to that before the night is over. Anybody, know how to trade this situation?

Thnx,

LlewS

That's a more realistic spot for a circuit breaker.

 

[callmate]

Quote from LlewS:

The ESH8, (S&P emini contract) has a +-70 point circuit breaker during electronic trading hours, i.e. before 8:30 CT. It came within 1 point of that lower limit with a low of 1356.25 today. It may well run back down to that before the night is over. Anybody, know how to trade this situation?

Thnx,

LlewS

Why you want to trade such a situation, really beats me.

 

[88888accountant]

How close to the breakers were we in early march when china had a 2 day crash? I think it was around march 4th?


8s